Downtown Honesdale Revitalization Inc

Analysis

Downtown Honesdale Revitalization Inc is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in June 2025. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Honesdale Revitalization Inc reported income of $169k and spending of $180k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $169k (+199%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 125%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Honesdale Revitalization Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Becks Place ($169k), Mobile United ($169k) and Cleveland-Bradley Business Incubator ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $48k. At year end it held assets of $282k against liabilities of $12k, net assets of $270k. It reported 2 employees.